Texas seeks second place in the Bankrupt State contest

Dave Mann at the Observer reports:

It’s come to this: The Texas budget outlook has become so bleak that we’re comparing rather favorably to the one state where balanced budgeting goes to die.

People, our budget deficit is now as bad as California’s.

Yes, the over-spending, over-regulated capital of hippiedom now has a state fiscal outlook on par with the Lone Star State.

Government is allocated a relatively fixed slice of the economy, and the Bush/Obama team soaked up a good deal of government resources, in favor of central government; leaving the states hanging by a thread.